![New home sales surged in May, as housing market bounces back](https://cdn.newsserve.net/ONPglobe256.png)
New home sales surged in May, as housing market bounces back
The housing market appears to be shaking off the shock of higher mortgage rates. Driving the news: The number of new home sales rose for the third month in a row in May, up 12.2% from April — and up 20% over last year, per government data out Tuesday. • A separate report from Case-Shiller showed…
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